# KUKA x Midea Group (Acquisition): partnership

Canonical ID: `ca0b2201-a873-4b5c-94f9-6b46277dbc9b`

Midea Group acquired KUKA AG in 2016 for approximately €4.6 billion, taking a ~95% stake. KUKA operates as a subsidiary under Midea ownership, maintaining its Augsburg headquarters and robotics operations.

- **Type:** investment
- **Status:** active
- **Verification posture:** verified

## Parties (2)

- [KUKA Industrial](https://registry.deploy.report/companies/kuka-industrial.md) other
- Midea Group _(off-registry)_ investor partner

## Timeline

- **Announced:** 2016-06-28
- **Start:** 2016-12-01

## Sources (1)

1. https://en.wikipedia.org/wiki/KUKA


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